Alipay Denies Supporting Cryptocurrency Trading, Says Peer-Related Claims Are False

According to TechFlow, on October 29, Alipay's official account @Alipay issued a statement on X saying that Alipay does not support virtual currency (cryptocurrency) trading or related services. It said claims that users can purchase cryptocurrency on third-party platforms are false and unauthorized, and urged users to exercise caution to protect their funds and account security. Earlier, on October 27, P2P on/off-ramp protocol Peer (@peerxyz) announced that Alipay had launched a beta version on its platform, allowing users to pay sellers in RMB via Alipay to buy USDC, or sell USDC and receive RMB.

Source: TechFlow